Mortgage refinancings hit record high in Q2

Mortgage refinancings have hit a record high, as the U.S. housing market continues to rebound from the initial shock of the coronavirus. With interest rates at all-time lows, refinancings jumped more than 200 percent in the second quarter compared to a year ago, according to the Wall Street Journal. Lenders provided more than $1 trillion in home loans — including both originations and refinancings — between April and June, the Journal reported, citing mortgage data

source https://therealdeal.com/2020/09/08/mortgage-refinancings-hit-record-high-in-q2/